By Anmol Choubey (Reuters) -Goldman Sachs lowered on Thursday its global copper mine supply forecast for 2025 and 2026 following a disruption at Indonesia's Grasberg, the world's second-largest copper mine. The incident, which occurred on September 8, trapped workers underground due to heavy mud flow, prompting operator Freeport-McMoRan to declare force majeure. The bank estimates there will be a total loss of 525,000 metric tons of copper mine supply as a result of the disruption, reducing its global m ...

Freeport-McMoRan (FCX) shares are down more than 16% on Wednesday after a catastrophic mud rush incident at its Grasberg Block Cave mine in Indonesia. The incident resulted in two confirmed fatalities and five missing workers, and forced the company to declare force majeure and suspend operations at one of the world’s largest copper mines. More News from Barchart Despite today’s decline, Freeport-McMoRan stock is up more than 30% versus its April low. www.barchart.com Significance of Grasberg Incident ...

Group 1 - Freeport-McMoRan declared force majeure on contracted supplies from its Grasberg Block Cave mine in Indonesia, leading to a significant increase in copper prices, with three-month futures trading above $10,496 per ton, up 2.74% for the day [1] - Following the declaration, Freeport's shares fell by as much as 10.4% in New York, while competitors such as Glencore PLC, Teck Resources, and Antofagasta saw their shares rise by 3%, 5%, and 7.4% respectively [2] - The Grasberg mine, the world's second-largest copper mine, halted production after a tragic accident on September 8, which resulted in the death of two workers and the ongoing search for five others [3] Group 2 - The Grasberg Block Cave ore body accounts for 50% of PT Freeport Indonesia's estimated proven and probable reserves as of December 31, 2024, and approximately 70% of the company's previously forecast copper and gold production through 2029 [4] - Freeport updated its third-quarter guidance, expecting consolidated sales to be about 4% lower for copper and approximately 6% lower for gold compared to previous estimates made in July [5] - In addition to Freeport's challenges, Hudbay Minerals Inc. announced the shutdown of operations at a mill at its Constancia mine site in Peru due to ongoing political protests, indicating broader disruptions in the copper industry [5]

Group 1 - The International Finance Corporation (IFC) and McEwen Copper Inc. have signed a collaboration agreement to align the Los Azules copper project with IFC's environmental, social, and governance (ESG) standards for potential future financing [1][4][5] - Los Azules is one of the largest undeveloped copper deposits globally, located in Argentina's San Juan province, with Environmental Impact Declaration (EIA) approval and a feasibility study expected to be completed by October 2025 [2][9] - The project aims to be Argentina's first regenerative copper mine, targeting carbon neutrality by 2038, and has an estimated after-tax NPV of $2.7 billion at $3.75/lb Cu, with a mine life of 27 years [7][9] Group 2 - The collaboration emphasizes integrating IFC's Performance Standards into the project's development to de-risk it and align with international investor criteria, promoting transparency and community benefits [3][4] - The World Bank Group supports Argentina's mining sector to unlock its potential sustainably, aiming to create jobs and enhance local economic development [4][6] - McEwen Copper aims to enhance the project's appeal to global investors through proactive ESG integration and a solid financing framework [5][9]

沪铜日内窄幅震荡，收盘微涨0.03%。隔夜鲍威尔发言仍显谨慎，铜市供需面有一定支撑，铜价窄幅震 荡，有所企稳。 对于铜价走势，金源期货表示，鲍威尔降息后首次发言仍维持偏鹰立场，其认为美联储当前的货币政策 立场是适度具有限制性的，短期就业市场的供给收缩带来的紧平衡现状令评估过程更为复杂，我们认为 谨慎平稳地向宽松周期进行过度仍是年内基准情形；基本面来看，Codelco下调特尼恩特矿山产量指 引，巴拿马铜矿年内复产无望，现货TC维持较大负值区间，国内精铜9月有减产预期，社会库存低位震 荡，预计铜价短期将维持企稳震荡，向下调整空间有限。 （文华综合） 加拿大矿业公司Hudbay Minerals周二表示，因安全问题，旗下位于秘鲁Constancia铜矿的选矿厂已暂时 关闭，非必要员工已经疏散。铜矿端传来扰动，不过该公司称，这些暂时性的生产中断将得到解决，不 会影响该公司今年的产出水平，因此对铜价的提振较为有限。当前国内铜精矿现货加工费低位徘徊，始 终难有明显起色，叠加最近硫酸价格下调，后续仍需关注国内铜冶炼厂开工情况。 最近LME铜库存震荡回落，最新库存落至14.5万吨附近，不过注销仓单也在下滑，后续需关注去库的持 ...

Core Viewpoint - Gunnison Copper Corp. has signed a non-binding Letter of Intent with Lunasonde Inc. to explore advanced technology for identifying copper and other critical minerals in Arizona's Cochise Mining District [1][2]. Group 1: Partnership Details - Under the LOI, Gunnison will allow Lunasonde to access its land package in southeastern Arizona to test and refine its remote sensing technology [2]. - The partnership aims to enhance the identification of new targets for copper, critical minerals, and rare earth elements within Gunnison's assets [2][3]. Group 2: Technology and Exploration Potential - The geology of the Cochise Mining District is known to host at least 12 critical minerals essential to the U.S. supply chain, much of which remains unexplored due to alluvial cover [3]. - Lunasonde's technology is expected to penetrate this cover and facilitate new discoveries [3][4]. Group 3: Funding and Future Plans - The parties plan to apply for funding under the U.S. Department of Energy's ROCKS Program to support this venture [5]. - The transaction is contingent upon the negotiation of definitive agreements and the successful submission and approval of the DOE funding application [5]. Group 4: Company Overview - Gunnison Copper Corp. is a multi-asset copper developer and producer, controlling the Cochise Mining District, which contains 12 known deposits within an 8 km radius [6]. - The flagship Gunnison Copper Project has a Measured and Indicated Mineral Resource of over 831.6 million tons with a total copper grade of 0.31% [7]. - The preliminary economic assessment (PEA) for the Gunnison Project indicates a net present value (NPV) of $1.3 billion and an internal rate of return (IRR) of 20.9% [7][8]. Group 5: Additional Assets - Gunnison's Johnson Camp Asset is currently in production, fully funded by Nuton LLC, with a capacity of up to 25 million lbs of finished copper cathode annually [10]. - Other significant deposits in the district, such as Strong and Harris, South Star, and eight others, have the potential to serve as economic satellite feeder deposits for the Gunnison Project [10].

Core Viewpoint - Hudbay Minerals Inc. is currently facing social unrest in Peru, impacting its operations, particularly at the Constancia mine, due to protests and illegal blockades [1][2][3]. Group 1: Operational Impact - The safety of personnel is prioritized, leading to the temporary demobilization of non-essential workforce and a shutdown of the Constancia mill for safety and maintenance [2][3]. - Despite the disruptions, Hudbay believes that these temporary issues will not affect its ability to meet production and cost guidance for 2025 [3]. Group 2: Community Relations - Hudbay has a history of engaging with local stakeholders since the start of operations at Constancia in 2014, focusing on sustainable long-term operations and building strong community relationships [4]. - The company is committed to being a responsible operator and contributing to the prosperity of local and regional communities [4][9]. Group 3: Company Overview - Hudbay is a copper-focused mining company with operations in Canada, Peru, and the United States, and has a pipeline of copper growth projects [7][8]. - The company produces copper as its primary metal, along with gold, zinc, silver, and molybdenum as by-products [8].

VANCOUVER, Canada, Sept. 23, 2025 (GLOBE NEWSWIRE) -- Oroco Resource Corp. (TSX-V: OCO; OTC: ORRCF) (“Oroco” or “the Company”) is pleased to invite shareholders, investors, and stakeholders to a live virtual Town Hall with Executive Chairman, Craig Dalziel, and President, Ian Graham. This interactive session will provide an update on the Santo Tomás Copper Project, including management, permitting progress, community engagement, and next steps toward project advancement. Town Hall Details: Date: Wednesday, ...

Vancouver, British Columbia--(Newsfile Corp. - September 23, 2025) - Midnight Sun Mining Corp. (TSXV: MMA) (OTC Pink: MDNGF) ("Midnight Sun" or the "Company") is pleased to announce the mobilization of a third diamond drill rig to its flagship Dumbwa Target, a key component of the Company's Solwezi Project, located in the Domes Region of Zambia. The most recent drilling tender has been awarded to Chibuli Investments Limited, a local drilling contractor based in Ndola, Zambia. Under the terms of the contrac ...

Summary of Key Points from the Conference Call Industry Overview - The report discusses the performance of various commodities, particularly focusing on Gold and Oil, within the context of current macroeconomic conditions and market sentiment [1][2][3]. Core Insights and Arguments - **Gold Performance**: Gold has seen a significant rally, delivering a +12% return over the past month, placing it in the 98th percentile for monthly returns since 1980. This surge is attributed to rising futures positioning, ETF inflows, and increased central bank demand [2][3]. - **Oil Market Dynamics**: Oil prices have underperformed relative to their implied beta to macroeconomic pricing over the past year. The commodities team anticipates further declines in oil prices due to strong supply growth, projecting a decrease in 2026 [2][3]. - **Copper and Economic Growth**: The copper/oil ratio has been increasing since the 2022 trough, indicating a potential correlation with improved growth expectations in China. Basic resources stocks have rallied due to higher copper prices, although European basic resources have lagged behind their US counterparts [3][4]. - **Market Sentiment**: The overall market sentiment remains mildly pro-risk over a 12-month horizon, with tactical neutrality in asset allocation. The S&P 500 targets have been adjusted to 6800, 7000, and 7200 for 3, 6, and 12 months respectively [4]. Additional Important Insights - **Speculative Positioning**: There has been a notable increase in speculative positioning in commodities, particularly in gold, which may indicate a potential overshoot in prices relative to macroeconomic fundamentals [2][3]. - **Equity and Bond Forecasts**: The rates team has revised their 10-year Gilt forecast to 4.4% for year-end 2025, reflecting changing expectations in the bond market [4]. - **Valuation Metrics**: Current valuation metrics for various asset classes indicate that equities are at high percentiles compared to their 10-year history, suggesting potential overvaluation in some sectors [4][64]. Conclusion - The report highlights a complex interplay between commodity performance, macroeconomic indicators, and market sentiment, with specific attention to gold and oil as key areas of focus for investors. The insights provided can guide investment strategies in the current economic landscape [1][2][3][4].